Sales of previously owned U.S. homes rose in December, a sign historically low unemployment and low mortgage rates are propelling the U.S. housing market as it enters a new year
Home sales hit their high mark for the year in December, a sign that favorable mortgage rates and low unemployment are starting to lure more house hunters back into the market.
Sales of previously owned homes increased 3.6% in December compared with November to reach a seasonally adjusted annual rate of 5.54 million, the National Association of Realtors said Wednesday.
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